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Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results

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星期四, 二月 29, 2024
Internet, EV, Failure, Silicon, Zeekr, Research, Epidemic, Part, Growth, OPPO, Samsung, Original equipment manufacturer, BYD, Conference, Smart, GAAP, COVID-19, Silicon carbide, Part 1, Geely, Gallium nitride, Probability, Risk, Volvo, Hyundai, Video game

Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.

Key Points: 
  • Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.
  • Non-GAAP gross margin for the fourth quarter of 2023 was 42.2% compared to 40.6% for the fourth quarter of 2022 and 42.1% for the third quarter of 2023.
  • Loss from Operations: GAAP loss from operations for the quarter was $26.8 million, compared to a loss of $31.2 million for the fourth quarter of 2022 and a loss of $28.6 million for the third quarter of 2023.
  • On a non-GAAP basis, loss from operations for the quarter was $9.7 million compared to a loss of $12.4 million for the fourth quarter of 2022 and a loss of $8.7 million for the third quarter of 2023.

MarcumAsia Expands with New Hong Kong Office

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星期四, 二月 1, 2024
Professional Services, Finance, Consulting, Asset Management, Banking, Accounting, International Commerce Centre, Public, Partner (business rank), Zeekr, IPO, PCAOB, Gold, City, Special-purpose acquisition company, Tutoring

Marcum Asia CPAs LLP (MarcumAsia) announced the opening of its newest Asia-based office in Hong Kong.

Key Points: 
  • Marcum Asia CPAs LLP (MarcumAsia) announced the opening of its newest Asia-based office in Hong Kong.
  • “The Hong Kong office is a natural extension of the firm as more clients across mainland China and Southeast Asia navigate their growth path, including U.S. listing goals.”
    The Hong Kong office, with a capacity for 50 people, is located in the International Commerce Centre in Kowloon, Hong Kong.
  • Additionally, the firm offers non-audit consulting services for SPAC managers and operating companies listed on the Singapore or Hong Kong Stock Exchanges.
  • “We will extend these standards to our new Hong Kong staff with oversight by our diligent regional partners,” Pinchuk concluded.

Intel Drives ‘AI Everywhere’ into Automotive Market at CES

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星期二, 一月 9, 2024
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Intel Automotive introduced the SoC during a presentation on Tuesday, Jan. 9, 2024, at CES in Las Vegas.

Key Points: 
  • Intel Automotive introduced the SoC during a presentation on Tuesday, Jan. 9, 2024, at CES in Las Vegas.
  • Driving innovative AI solutions across the vehicle platform will help the industry navigate the transformation to EVs,” said Jack Weast, vice president and general manager of Intel Automotive.
  • Intel will work with imec to ensure the packaging technologies meet the rigorous quality and reliability requirements of the automotive industry.
  • The move underscores a commitment to be the first automotive supplier to support the integration of third-party chiplets into its automotive products.

NaaS Technology Inc. Reports Unaudited 2023 First Quarter Financial Results

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星期五, 六月 16, 2023
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BEIJING, June 16, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, June 16, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.
  • First Quarter 2023 Operational Highlights:
    Charging volume transacted through NaaS' network reached 1,023 GWh in the first quarter of 2023, representing an increase of 112% year over year.
  • First Quarter 2023 Financial Highlights:
    Revenues grew by 150% year over year and reached RMB36.2 million (US$5.3 million) in the first quarter of 2023.
  • First Quarter 2023 Financial Results:
    Total revenues reached RMB36.2 million (US$5.3 million) in the first quarter of 2023, representing an increase of 150% year over year.

Global VC Market Falls From $86 Billion in Q4’22 to $57.3 Billion in Q1’23 as Market Uncertainty Intensifies—According to KPMG Private Enterprise’s Venture Pulse Report

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星期三, 四月 19, 2023
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VC investment in the Americas was $33.1 billion across 2,542 deals in Q1’23, a decline from $44 billion across 4,050 deals in Q4’22.

Key Points: 
  • VC investment in the Americas was $33.1 billion across 2,542 deals in Q1’23, a decline from $44 billion across 4,050 deals in Q4’22.
  • VC investment in Asia dropped from $25.5 billion across 2,799 deals to $13.5 billion across 1,773 deals between Q4’22 and Q1’23.
  • In Europe, VC investment fell from $15.7 billion across 2,512 deals in Q4’22 to $9.8 billion across 1,533 deals in Q1’23.
  • Global CVC investment was very slow in Q1’23, accounting for $22.8 billion in investment, compared to $42.1 billion in Q4’22.